Top Five in Tech: Tumblr for the Win

The week's top tech stories includes a surprise deal for Tumblr, the reveal of the new XBox and Apple's high-profile testimony, Scott Austin reports. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... I ... the ... welcome back to Digits Eric the yes J live I'm Simon Constable it's time for the top five intact ... and as always we have Scott Austin tech editor here Apple Wall Street gentle and ... you have gone through does aliens of stories ... during much of it now that she's minus three with the need to know what we need to know that it's not Mummify ... Twitter Beefs up its security ... this one ... that ... has come a long time coming right there's been some money to hack attacks on Twitter ... it'll claiming Hackett has one of only a minute yet sure ... and ... they added this to factor verification ... so it means when you log in now rather than just typing your password ... type your password and it sends you a code to your cellphone ... to take a cut in a new tactic and other services about this for awhile ... I G man all of the Facebook is added ... and this is a way to can prevent people from going into simply taking your financial sank into my things a little the Honda if you have a corporate accounts and asset base lease a new position don't want one computer that ... sort of the issue now is a lot of brands have multiple managers multiple computers that they use ... Nuys is going to use one computer so you can ... figure out that that it's a good thing overall it's a positive step ... that sort of like airport screening though ... he hasn't it's nice to have there but there are still ... in the polls and ways to get past a secure host I'm sure the top of that number fall ... Hewlett-Packard is proving again it's turning around its ... actually maybe the curse is over ... I'm hopefully it's been a long time is that ... with this quarter ... eight while the revenue profit is still falling rapidly as expected ... they prove that they can cut costs that they can bring down their debt level ... and actually better than investors had expected the stock one up seventeen percent the next day after their ... earnings report ... of course HP has a long ways to go ... I they have a failing the start of the slowing PC business that's can he says and there and so switch above this other one and it is reticent as one who makes the rights of endearing enough cash to the back and deliver ... the cash to their other business isn't expected to feature which is their server in their services and software ... in those businesses ... have a lot of competition of course it's not clear whether that they really don't have that grows so ... your Tennessee ... I see a ... kid from shift to Bakken encountered so the Bishop and to do something good when captain women might feel that that we ... we we will see that re ... now the fray ... the new Xbox is coming now Micra soft really seen the Xbox one on people but it got the Xbox seven twenty ... this is eight years in the making the last Xbox came out ... years ago ... the Xbox three sixty ... I'm ... it's no longer really a gaming console and got ... everything out yet that that got the PlayStation four coming out later this year we do we humans and as we you came out last ... week as October November ... I'm ... sick but but this isn't about the team in a row as much as it is about the entertainment living room Conte console so it's a tie TV winner selects audio and Scott video I with this particular device ... I'm so you know the the they are still betting on a consolation to buy all new device ... even in the age of smartphones everybody has their own computers don't really need to have this up to buy them and ... they're betting that this is what people live and to ... be interesting see next month over have more D tells on Sundays PS for updates about Mamet said ... number two Mr. Cote Goes to Washington is as Apple CEO Tim Cook ... I this week squaring off with lawmakers ... over Apple and its taxes This is no law no lack of pace and taxes exactly as it depends when you look of the community that impersonal we paid a lot of money in tax over and we just want us out ... that's right and it was very clear ... that Apple was not doing anything illegal in the ... seventy four billion dollars coming through overseas ... and lawmakers in with an zero and taxes from ... those those billions they have this company ... in Ireland that this kind of at the center of all this Apple saying that they don't really ... shift any taxes that this is ... everything is legal were doing ... that this company in a licensee IP ... and has in importance only or whatever it is exactly a ... on but tidy lawmakers are saying well they're they're you know really ... avoiding ... every step of the way they're finding these loopholes ... and I think this is of the broader question is what we need is a country ... not to have Corporation to bring back ... their taxes and your pronounces thirty five percent ... rate ... Apple's sandals also two things need to be done including lower that were read to him but when summer in the mid twenties ... aam but it'll be an interesting argument I'm going forward and I don't wonder if Steve jobs ... still around if you would of been brought to the two countries ... but what is important but very interesting to play oil last ... Update ... I mean it's time for novel wanted ... Yahoo Buys tumbler this happened over the weekends ... last week and one point one one two LeeLee a one point one billion dollars the from from a man in his twenties was only thirty million in revenues to Scott started on revenue ... this this company around for six years ... this is the ... social networking that within the law does little bit different than we see ... it elsewhere ... on Yahoo's as they bought this for growth ... the question is can they turn this into a really a revenue driver ... tidy up your he has a ton of usage seven hundred million would avert is ... among that use its portals ... it doesn't really need more users I think what of ... course we really does need it is the revenue growth that's with the others fail to do the past few years and I guess what if I'm just so this is that it's a young use a price I aam and that's why maybe walk the dog was looking for is while it has gained a twenty four ... year Yahoo so that they have this teaching user base so ... I hit some risk of the ... hipper audience ... but again it doesn't need to so to translate into revenue ... will we wish all say well one thank you Brian much Scott Austin tech editor of The Wall Street don't we appreciate your time Iran ... I'm Simon Qassam on and that was hit top five intact ... I ...